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Effectively and prudently, in full compliance with law and the Trust.
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For the exclusive purposes of providing benefits to participants in the Trust and defraying the costs of administering the Trust.
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| The Trustees believe this responsibility includes the requirement that sufficient funds be retained to meet the Trust’s liquidity needs, which vary from time to time. To retain a stable financial base and to comply with regulatory solvency requirements, the Trust needs to maintain a Trust fund balance sufficient to: (i) pay claims for benefits funded directly by the Trust, (ii) pay costs associated with administering the Trust, and (iii) provide financial reserves for unanticipated benefit and cost expenditures and/or revenue shortfalls of an emergency nature.
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| The Trustees will develop and adopt procedures for carrying out this Policy.
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